Biofuels are the best near-term choice

Biofuels used in internal combustion engines are the best near-term choice to begin reducing CO2 emissions. However, in the long run battery electric vehicles will constitute the majority. Based on maximum possible use of globally available biofuel supply, biofuels-based combustion engines can power one-fifth of vehicles in 2050.

Compared to business as usual. Extrapolation of present-day situation with no decisive CO2 reduction action taken.

1 Net cash cost, including savings from system and vehicle levers ( EUR bn).
2 Cumulative reduction in percent (metric tonnes of carbon dioxide equivalent) Average across China, Germany, USA and Sweden from 2017 to 2050.